A Single Number is Driving Edmonton’s Industrial Real Estate Market

We’ve written extensively about how Edmonton’s commercial real estate market is directly linked to the price of oil.  This week, we’re going to be even more specific and show how Edmonton’s industrial real estate market is hinged to the price of Canadian oil prices (Western Canadian Select). First a bit of background: oil prices, when[…]

We Got 99 Problems But This Street Ain’t One

99th Street’s Impact on Edmonton’s Commercial and Industrial Real Estate Markets In 1870, private land ownership was introduced in Alberta, but until the Calgary and Edmonton Railway (C&ER) Company decided to establish a commercial centre on the south side of the North Saskatchewan River, Old Strathcona was largely undeveloped. Until 1882, only a sparse settlement[…]

Getting Slapped in the Face by a Pipeline: A Short Story

On October 3rd, 2017, oil prices closed at $49.98 / barrel.  Fast forward one full year, and prices have increased more than 50% to close over $76 / barrel.  It would seem this news would be positive for Alberta’s economy, but the stats don’t tell the full story.  First, those prices are for West Texas[…]

History of St Albert Trail – Connecting Edmonton and St. Albert

Originally a primary trail between Fort Edmonton and “God’s Lake” (Lac Ste. Anne), the road we now know as St. Albert Trail has its roots in 1860 as a shipping route for whitefish, though it wasn’t established as St. Albert Trail until 1889. When the railways on Edmonton’s south side arrived in 1891, Edmonton stopped[…]

Oil Prices have Increased 70% in the Past Year

Hillary Clinton is not President of the US, and Amazon did not choose Edmonton for it’s first western Canadian fulfillment centre.  While we struck out on those two guesses, we also predicted back in November that oil would hit $70 / barrel sometime this year (which it did this week, marking a 70% increase since 2017).   While we were wrong[…]

Net Rent, Gross Rent & Net Effective Rent

Question: What’s the difference between Net Rent, Gross Rent and Net Effective Rent (NER)? Answer: It’s important to view the terminology in context of the entire document (which is generally an Offer to Lease or a Formal Lease / Standard Lease). The term Net Rent generally implies that the tenant pays rent plus property taxes,[…]